Tuesday, Aug 21, 2007
We sense in the markets that the readiness of foreign banks to extend credit lines to German banks has become difficult," WestLB Chief Executive Alexander Stuhlmann told journalists late on Monday in remarks embargoed until Tuesday
smh: Foreign banks 'wary' of German banks
German banks face a critical situation because foreign banks are reluctant to lend to them after the joint rescue of small-company lender IKB, state-backed lender WestLB's chief executive said.
"We sense in the markets that the readiness of foreign banks to extend credit lines to German banks has become difficult," WestLB Chief Executive Alexander Stuhlmann told journalists late on Monday in remarks embargoed until Tuesday
Posted by chris :-)) @ 11:58 PM (105 views) Add Comment
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